Since posting aggresive gains over the last year it seems that the Real is losing steam and in some cases giving back gains. Doe's this forum believe that it is settling into it's trading range of roughly 3 to 1 versus the dollar?

From what I've read it's clear that Brazil's exporters would prefer this range of 3 reals to 1 dollar.

What do you think and is there any chance of the real hitting 3.25 or even 3.50 to 1 dollar any time in the near future?

My guestimate would be Real fluctuating within a few points of 3 to 1 mark for the next 6 month.

How is Brasil doing with the IMF loan? I don't think it's unrealistic that they will pull an Argentina in the months/years to come.

Are they meeting their obligations as outlined by the loan?

I don´t think Brazil is going to pull an Argentina any time soon... For starters, Argentina really pulled a Brazil... Remember 1993?

It looks like Plano Real really worked. Also, Brazilian economy is much more diversified then the southern neighboor´s.

In light of the recent satisfactory performance (according to IMF) and positive negotiations and renegotiations.... I think that the risk is minimal, yet it is there.